How the metaverse is transforming the edtech market

Artificial intelligence, virtual reality and augmented reality have taken over in various business domains. The need to feel, learn and experience without being present in the practical world has multiplied. The Covid-19 pandemic has imposed further restrictions on travel and has prompted most companies to transform their work model and move closer to virtual reality.

However, this “digital shift” has not been easy for some industries. The education sector is one of them. Restrictions and lockdowns during the pandemic have made teaching and learning a daunting task for many.

But, thanks to technology, we now have the metaverse, a world where you can live, learn, study and interact in a simulated 3D environment while wearing virtual reality glasses.

Feeling the need to make a major change in all aspects due to its working nature, educational institutions and edtech companies are integrating education with the metaverse to remove the distance and physical barrier from learning and make it more engaging and interactive.

How is the metaverse changing education?

The metaverse has attracted the attention of top industrial honchos, as learning through the metaverse offers a gamified learning experience and constant access to study material for students.

The edtech market is one of the fastest growing markets of its kind. According to the recent Future Market Insights study, the revenues of the edtech market are expected to exceed $ 288.4 billion by the end of 2031 with a staggering 14.5% CAGR (compound annual growth rate). The best tech companies are investing in the edtech market to take advantage of those who move ahead and promote learning through the metaverse.

For example, Facebook’s reality labs will invest $ 150 million in educational programs to improvise training and technology development. The company is partnering with Coursera and EdX to leverage learning by offering META’s Spark AR curriculum that will use virtual reality and augmentation.

Similarly, Microsoft launched Microsoft Mesh in 2021. Through Mesh, the company is driving the adoption of the metaverse by offering it to educational institutions and edtech sectors.

Edtech companies can integrate the metaverse with their existing model and interact with each other via 3D avatars. In addition, the company has provided students with two fascinating options to accelerate learning. Students with Microsoft Holo-lens smart glasses can easily be part of the metaverse, and those without glasses can access the metaverse via the Microsoft teams grid.

Metaverse components that can be used in edtech

The metaverse is a fusion of three important components: artificial intelligence, virtual reality and augmented reality.

Virtual reality: Virtual reality, known as VR, has already changed the entire gaming experience. Edtech companies are looking to provide a similar digital experience by integrating virtual reality with gamified learning modules. According to the Future Market Insights report on gamification in the education marketby transforming the learning environment into the classroom, the market will reach a valuation of $ 2 billion by 2031.

Virtual reality helps students answer questions by playing and, in turn, offers rewards. Additionally, virtual reality is a blessing in the metaverse for students with special needs and students with disabilities. With the help of virtual reality, students with special needs can travel to new environments that would otherwise make them anxious. Additionally, the integration of virtual reality into the metaverse helps students learn important life skills by emphasizing specific points until students gain confidence.

Augmented reality: The fThe loving Pokémon Go game has given us a glimpse of how we can successfully integrate augmented reality into our lives. The game allowed users to stay in the present world while find Pokémon within augmented reality.

Metaverse companies are implanting the same technique to make learning interesting. Through the use of augmented reality, students can scan the pages of their textbooks to better understand the topic, schools can design interesting magazines that can highlight school activities, and deaf and dumb students can take advantage of the use of augmented reality by displaying technology-driven flashcards.

Artificial intelligence: Artificial intelligence, or AI, not only improves the learning experience, but also reduces the load on teachers. With the help of AI, students can access questions on the specific topics they have studied. In addition, AI helps to evaluate and evaluate learning and possesses the ability to evaluate students without the help of the teacher.

The metaverse is integrated with artificial intelligence and machine learning. This helps students ask questions and gather information at any time. It also understands questions and provides answers to multiple questions at the same time.

How does the metaverse simplify complex topics?

The need to learn complex topics not only through text and diagrams, but also practically, is increasing dependence on technology. Therefore, with the help of the metaverse, it is possible to learn astrophysics and study the planets and the galaxy from a closer lens. The metaverse has the ability to create historical periods that consist of different civilizations and lifestyles. Through this, students will be able to learn about the past simply by wearing their virtual reality glasses in the present.

The metaverse is here to stay and offers an engaging learning experience for its user. By integrating the metaverse with education, students can join various periodic periods in which they will have a virtual avatar. For a more real-time experience, companies are designing virtual avatars with which students can modify their avatar with the environment they are in and the subject they are learning.

The future of the metaverse in education

Although the metaverse is still in a nascent stage of evolution, edtech companies are looking forward to enhancing the learning experience by creating diverse worlds that help students have a better idea of ​​specific topics. Moving forward, the metaverse suggests the possibility of allowing students to create their own worlds in which they can share their experience with other students.

The metaverse is keeping the approach simple. Augment the traditional method of learning by integrating technology and simplifying learning by providing a real-time experience.

Furthermore, the metaverse is facilitating learning by offering tools that help students learn, understand and implement knowledge easily.

Furthermore, the metaverse does not abandon the idea of ​​learning in the presence of a teacher. Indeed, he believes that the teacher is a fundamental supporter of teaching, learning and education. Therefore, the metaverse in education covers a wide range of learning, from being present in a virtual world to being present in the classroom walls. Thanks to the integration of the metaverse, the future of education looks more fascinating and brighter than ever.

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How the metaverse is transforming the edtech market

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